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Margin Loans Comsec raised rates 50 pts

Discussion in 'Finance & Banking' started by crc_error, 17th Mar, 2008.

  1. crc_error

    crc_error The Rule of 72

    Joined:
    1st May, 2007
    Posts:
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    Location:
    Melbourne, VIC
    In case you didn't notice, comsec raised its rates straight after the RBA announcement 25 points, and now has raised rates again another 25 points.

    10.35% is the rate..

    is margin lending worth it now?
     
  2. The Stig

    The Stig Well-Known Member

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    3rd Dec, 2007
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    Location:
    Central Coast NSW
    Geeze. Glad I don't have any mortgages or leases.

    I would be VERY surprised if the RBA raise them again any time soon.
     
  3. crc_error

    crc_error The Rule of 72

    Joined:
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    Location:
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    it doesn't seem to matter, banks are raising them regardless..

    by the way, its for the margin lending rates, not mortgages.
     
  4. The Stig

    The Stig Well-Known Member

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    3rd Dec, 2007
    Posts:
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    Location:
    Central Coast NSW
    LOL, I thought it was for variable loans across the board. That's not so bad then.
     
  5. Billv

    Billv Getting there

    Joined:
    15th Jul, 2007
    Posts:
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    Location:
    Sydney, NSW
    Not really, and considering the risk of shares losing value I would have to be mad to get a margin loan right now...:eek: